UP Invest to acquire Forum's movie businesses in Estonia, Latvia and Lithuania from Finnkino for £58m.

UP Invest, an investment firm, agreed to acquire Forum's movie businesses in Estonia, Latvia and Lithuania from Finnkino, a Finnish film distributor and the biggest cinema chain in Finland, for £58m ($77m). "The spread of Covid-19 means times are difficult for the movie theater industry all over the world, with consolidation a necessity. That said, Forum Cinemas is a very well-managed company throughout the Baltic countries and we are very happy wit the transaction," Sven Nuutmann, UP Invest Board Member and Executive Manager.